sebi:Order/SM/DD/2021-22/15212
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Facts / Headnote
Violation established; penalty of Rs. 1,00,000 imposed under Section 15A(b) of SEBI Act
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 15I
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 7(2)(a)
Parties
- Mr. Kuppuswamy Kanivel
Holding
The Noticee, being an employee of Titan Company Limited, violated Regulation 7(2)(a) of PIT Regulations on three occasions by failing to disclose trades exceeding Rs. 10 lakh and is liable for monetary penalty under Section 15A(b) of the SEBI Act. A penalty of Rs. 1,00,000 was imposed on Mr. Kuppuswamy Kanivel.
Full text
Adjudication Order in respect of Kuppuswamy Kanivel in the matter of Titan Company Limited P a g e 2 | 9 APPOINTMENT OF ADJUDICATING OFFICER
Adjudication Order in respect of Kuppuswamy Kanivel in the matter of Titan Company Limited P a g e 3 | 9 was required to make disclosure in terms of the aforesaid regulation. In this regard, in reply to a query by SEBI, TCL vide email dated October 28, 2020, confirmed that it had not received any disclosures from Noticee.
Adjudication Order in respect of Kuppuswamy Kanivel in the matter of Titan Company Limited P a g e 4 | 9 CONSIDERATION OF ISSUES, EVIDENCE AND FINDINGS
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